Roffman Miller Associates Inc. PA Has $51.64 Million Position in American Express Company $AXP

Roffman Miller Associates Inc. PA lessened its holdings in shares of American Express Company (NYSE:AXP) by 1.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 152,667 shares of the payment services company’s stock after selling 1,833 shares during the period. American Express comprises approximately 2.7% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 11th largest holding. Roffman Miller Associates Inc. PA’s holdings in American Express were worth $51,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AXP. Evolution Wealth Management Inc. raised its holdings in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares during the period. Archer Investment Corp bought a new position in American Express in the second quarter valued at approximately $25,000. Sfam LLC acquired a new position in shares of American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of American Express during the third quarter worth $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP opened at $333.64 on Friday. The stock has a market capitalization of $225.31 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.35 and a beta of 1.04. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a 50 day moving average of $342.85 and a 200-day moving average of $326.18. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s payout ratio is presently 23.06%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. BTIG Research reduced their target price on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research note on Monday, July 27th. Benchmark began coverage on American Express in a report on Monday, July 13th. They set a “buy” rating for the company. Loop Capital began coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. Finally, Bank of America boosted their price target on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.